The LRRA Turns 40: Key Moments That Shaped the RRG Industry
2026 marks 40 years since the Liability Risk Retention Act (LRRA), the federal statute that authorizes and governs risk retention groups and purchasing groups, was signed into law. What started as an innovative response to a national U.S. liability insurance crisis has grown into a lasting solution for businesses and organizations across countless sectors to obtain affordable, flexible, and customized coverage for unique liability risk profiles that are not met by traditional insurers. Here's a look back at the moments that built the risk retention group industry we know today.
Looking Ahead for RRGs
Forty years in, the RRG model has proven what Congress intended it to be in 1986: a durable, adaptable solution for businesses and professionals to build sustainable liability coverage around their unique risks. NRRA has stood with the industry through every market cycle, regulatory challenge, and legislative threat along the way, working to educate the industry about RRGs and protect the preemption provisions of the Federal Liability Risk Retention Act. Join us as we celebrate the 40 year milestone of the LRRA at the 2026 NRRA National Conference in Chicago, IL, and connect with the RRG leaders, regulators, and service providers who are shaping the next 40 years of the industry.
